TUI expects to become profitable in 2022 as travel demand booms
Holiday group TUI said on Wednesday it expects to become profitable again in 2022 with significantly positive underlying core earnings thanks to strong bookings as countries lift pandemic-related travel restrictions.
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FRANKFURT (Reuters) - Holiday group TUI said on Wednesday it expects to become profitable again in 2022 with significantly positive underlying core earnings thanks to strong bookings as countries lift pandemic-related travel restrictions.
In the second quarter, TUI’s underlying loss before interest and taxes (EBIT) narrowed to 330 million euros ($347.95 million), almost halving the loss of 633 million euros it reported for the same period last year.
($1 = 0.9484 euros)
Reporting by Zuzanna Szymanska, editing by Kirsti Knolle
